[Form 4] Best Buy Company, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Mathew Watson, Senior Vice President, Controller & Chief Accounting Officer of Best Buy Co., Inc. (BBY), reported an open-market sale of company common stock on 08/29/2025. The filing shows 3,715 shares sold under transaction code S at a weighted-average price of $74.0715, leaving the reporting person with 22,150 shares after the transaction. The Form 4 indicates no derivative securities were reported. The price footnote states the shares were sold in multiple trades at prices ranging from $74.07 to $74.085 and offers to provide detailed per-trade quantities on request. The form was signed by an attorney-in-fact on behalf of the reporting person on 09/03/2025.

Positive

• Timely disclosure of insider transaction under Section 16 with full transaction date and quantities reported
• No derivative positions reported in this Form 4, simplifying ownership transparency
• Footnote transparency offering to provide per-trade quantities supports auditability

Negative

• Insider sale of 3,715 shares on 08/29/2025 which reduced beneficial ownership to 22,150 shares
• Weighted-average sale price $74.0715 may be interpreted by some investors as insider monetization

Insights

Financial Analyst

TL;DR: Insider sale disclosed; transaction details are transparent and leave a remaining holding.

The Form 4 documents a straightforward, open-market disposition of 3,715 shares by the SVP, Controller & CAO on 08/29/2025 at a weighted-average price of $74.0715, leaving 22,150 shares beneficially owned. There are no derivative positions reported, which simplifies assessment of economic exposure. The footnote clarifies the sale occurred in multiple trades and offers detailed breakdowns on request, supporting transparency. Given the limited dataset, this is a routine Section 16 disclosure with clear transaction mechanics rather than a corporate action.

Corporate Governance Expert

TL;DR: Timely Section 16 reporting with explicit price ranges; no complex instruments disclosed.

The filing fulfills fiduciary disclosure obligations by specifying holder identity, role, transaction date, quantity sold, and resulting ownership. The explicit weighted-average price and footnote about per-trade prices improve auditability. The use of an attorney-in-fact to sign suggests procedural delegation rather than substantive change. There is no indication of planned trading arrangements or derivative activity in this filing. From a governance standpoint, the filing is complete and compliant based on the provided information.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Watson Mathew

(Last) (First) (Middle)

7601 PENN AVENUE S.

(Street)

RICHFIELD MN 55423

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BEST BUY CO INC [ BBY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Controller & CAO

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2025		S		3,715	D	$74.0715(1)	22,150	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.07 to $74.085, inclusive. The reporting person undertakes to provide to BBY, any security holder of BBY, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

	/s/ Jodie H. Crist, Attorney-in-fact	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for BBY and what is their role?

Mathew Watson, SVP, Controller & CAO of Best Buy Co., Inc., is the reporting person.

What transaction was reported on the BBY Form 4 dated 08/29/2025?

An open-market sale of 3,715 shares of Best Buy common stock (transaction code S) was reported.

At what price were the BBY shares sold according to the filing?

The filing reports a weighted-average price of $74.0715; per-trade prices ranged from $74.07 to $74.085.

How many BBY shares does the reporting person own after the reported sale?

The reporting person beneficially owned 22,150 shares following the transaction.

Was any derivative or option activity reported in this Form 4 for BBY?

No derivative securities were reported in Table II; only a non-derivative stock sale is shown.